Southfield, MI

Population: 73,002
Average annual home appreciation rate: 10.06%
Total of homes for sale in this market: 120
Median home price: $138,585
Median Rent: $1,112
Home price range: 44.97% of homes are between $128,001 – $255,000
Median sales price: $111,839
Number of homes: 245
Median foreclosure sales price: $82,494
Foreclosure discount: 26.2%
Most common home type: 46.99% of homes are single family detached
Number of vacant homes: 11.48%
Number of renters: 50.23%
Number of owner occupied: 49.77%
Number people living below poverty level: 15.97%
Unemployment rate: 7.20%
Is this area perfect for real estate deals going on right now? The appreciation rate in this city is on the rise which could be promising for the savvy buyer or holder.

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